Oklahoma’s Price Gouging Statute in Effect Following Storms

May 12, 2010

Oklahoma Attorney General Drew Edmondson said the state’s price gouging law is in effect in 56 Oklahoma counties following Gov. Brad Henry’ declared a state of emergency for those areas devastated by severe storms on May 10.

Oklahoma’s Emergency Price Stabilization Act prohibits an increase of more than 10 percent in the price of most goods and services when a state of emergency has been declared. It is effective for the duration of a declaration of emergency and for 30 days thereafter. Additionally, the act is in effect for another 180 days for prices related to repairs, remodeling and construction.

The statute was enacted after a series of storms in May 1999 caused significant damage across a large portion of Oklahoma.

In addition to declaring a state of emergency, Gov. Henry issued a second executive order today exempting trucks providing direct assistance for the restoration of essential services from weight and permit requirements.

That executive order aids utility companies and municipalities as they attempt to repair infrastructure and restore services to customer and residents.

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